Why is NELCO falling/rising?

As of 07-Jul, NELCO Ltd's stock price is currently at 973.50, reflecting a decline of 28.4 points or 2.83%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 5.28% during this period. Today's trading saw the stock reach an intraday low of Rs 965.9, and it has been trading with higher volume near this low price. Over the past week, NELCO has underperformed the sector by 0.37%, and its year-to-date performance shows a significant decline of 23.04%. The company's financial health is concerning, with a reported fall in net sales of 16.35% and a negative operating profit growth rate of 7.81% over the last five years, which has contributed to its poor long-term growth outlook.
In the broader market context, the Sensex has only declined by 0.20% over the past week, indicating that NELCO's short-term performance is significantly worse than the benchmark. Additionally, the defense sector, in which NELCO operates, has also seen a decline of 2.47%. The falling participation from institutional investors, who have reduced their stake in the company, further highlights a lack of confidence in NELCO's prospects. With a low Debt to EBITDA ratio suggesting some ability to service debt, the overall sentiment remains negative due to the company's poor financial results and declining investor interest.